22.07.2015 04:39:53

St. Jude Medical In Talks To Acquire Thoratec : Report

(RTTNews) - St. Jude Medical Inc. (STJ) is in talks to acquire Thoratec Corp. (THOR), a maker of implants that aid failing hearts, Bloomberg reported citing people familiar with the matter.

The report said that the two companies are in ongoing discussions, but no final deal has been agreed and the negotiations may still fall apart. Thoratec could also opt to seek a different buyer.

THOR closed Tuesday trading at $57.58, up $8.77 or 17.97%. In after hours, the stock further gained $0.42 or 0.73%.

STJ closed Tuesday trading at $76.71, up $0.14 or 0.18%.

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